Schouw & Co. Share Buyback Update: Week 8 Insights
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Overview of Schouw & Co.'s Share Buy-Back Programme
Schouw & Co. announced the initiation of a share buy-back programme starting 2 January. The company aims to acquire shares valued up to DKK 50 million over a designated period, concluding on 31 March. This initiative demonstrates the company's commitment to enhancing shareholder value and optimizing capital structure.
Regulatory Framework
The share buyback will comply with European Union regulations to ensure transparent and fair trading practices. Specifically, it adheres to Regulation (EU) No. 596/2014 concerning market abuse, alongside the Commission’s delegated regulation (EU) 2016/1052, which outlines the “Safe Harbour” provisions.
Trading Activities and Financial Summary
As of 14 February, Schouw & Co. had accumulated a substantial number of shares through this programme. The report indicated a total of 54,600 shares were repurchased at an average price of 548.31 DKK, amounting to approximately 29,937,539 DKK in total expenditure.
Continuing through the third week of February, additional trades were documented, revealing a consistent acquisition strategy. The following highlights reflect transactions from 17 to 21 February:
- On 17 February, 1,400 shares were acquired at an average price of 577.81 DKK.
- On 18 February, another 1,200 shares were purchased at 578.62 DKK.
- The buying continued with 1,200 shares bought on 19 February, averaging 584.65 DKK.
- Another 1,200 shares were acquired on 20 February at 584.84 DKK.
- Lastly, 1,200 shares were bought on 21 February, averaging 584.99 DKK.
During this period, 6,200 shares were added, leading to an overall accumulation of 60,800 shares at an average price of 551.75 DKK by 21 February, culminating in total expenditures of 33,546,193 DKK.
Impact on Treasury Shares
Following the completion of these transactions, Schouw & Co. reported that it currently holds 2,030,713 treasury shares. These shares represent around 8.12% of the firm’s total share capital, which is 25,000,000 shares. This consolidation of shares not only fortifies the company's capital base but also signals to investors the management’s confidence in future growth potential.
Corporate Leadership and Contact Information
Schouw & Co. operates under the vigilant leadership of Jørgen Dencker Wisborg, the Chairman, and Jens Bjerg Sørensen, the President. Investors seeking further clarity or information are encouraged to reach out directly via telephone at +45 86 11 22 22.
Frequently Asked Questions
What is the purpose of Schouw & Co.'s share buy-back programme?
The programme is designed to enhance shareholder value by reducing the number of shares in circulation, which can potentially increase the share price.
How much is Schouw & Co. planning to spend on the buy-back?
The company plans to acquire shares worth up to DKK 50 million during the buy-back period.
What regulatory framework governs this buy-back programme?
The buy-back operates under the guidelines set forth by EU regulations on market abuse to ensure transparency and integrity in trading.
How many shares has Schouw & Co. repurchased to date?
As of now, a total of 60,800 shares have been successfully repurchased through the ongoing programme.
Who are the key figures in Schouw & Co.'s management?
The company's operations are overseen by Chairman Jørgen Dencker Wisborg and President Jens Bjerg Sørensen.
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